Tag Archives: new beginnings

March brings a major milestone

Hello again all

Once more I have spent weeks being busy with work and home, all good again.  Work is going very well but I have been chasing endless paperwork to bring extra money in.   I have finally been successful in closing down an old policy which was deducting a minor amount from my account each month.  This was the fabled PPI claim, I have been successful before but not on this one however I have now been able to stop the money coming out.  No refund sadly but no more payments, so still a victory.

So then, onto big news.  The March payday (26th) brings exciting news for me!   Avid readers of the blog (although the blog has been somewhat quiet recently) will know how huge this debt was and what lengths I have gone to to get rid of it.   Well, on this payday, 2 amounts of money go out of my bank account which are the FINAL payments on TWO loans.   Yes yes yes…2 loans both finish on March 26th.

This means spare income of £375 a month.  That is huge to me, and justifies the decision I made NOT to lower my payments or move to a weaker payment plan.   I cannot tell you the joy I feel but there is more…so read on.

I qualified for my bonus, which also pays out in March.  Readers will recall I was leant some money by family members which I have paid back all bar £1500.   I can now pay that back in one go, yes in one payment.

I am in the unusual position of having a large payment coming to me in March but using my debt management experience I am paying it straight out.  No nice treats for me, they will come later I hope.  It is better to pay things when you get extra funds.

So, 2 loans finish and a family debt completed returned.  That family loan was £6500 by the way.

I am getting there my friends, slowly the clouds are clearing.   I read so many other blogs around this subject of debt, mine was made worse by the affair and divorce and other issues, but if you fight hard enough you can make it.

Always chase every penny, sell what you can, win what you can, be savvy and you can make it.  I am so very close, so close in fact that I can tell you that by the end of the year I should only owe £9000.   That’s still a lot you say?  Is it though, my debt was over £100K.

I honestly cannot wait for payday, so see those final amounts go out and the direct debits drop to ‘finished’ state.

The path to financial freedom is almost available my friends, and when it is, I will step onto it and help whoever I can.

as my life struggles, a new one arrives

Through my recent few days of pure unhappiness, caused by the constant rejection from loan options, a rare glint of sunshine through the clouds.  I have another nephew!

It made me think, I am now meant to be a positive influence on yet another child.  That’s my children and my nieces and nephews, they look to me as the fun uncle.  And mostly I am.

Children have absolutely no clue what some adults are going through, and I truly think that is best.  I have learnt in the last few years that no matter how dreadful your day, you always greet you children with a smile and hug.  As long as they think everything is ok, then they feel safe.  I also think it’s an adult’s role to shield children from real life traumas, which is what I have done.

I googled HMRC harassment, so many stories of people who were driven to a nervous breakdown by it.  I am determined not to go down that route, I’m too strong for that and too proud a father.  But, everyone handles situations differently.  Personally, I go quiet and step away from my friends for a few days and try hard to regain my perspective.

This time, a baby boy is that perspective.   Just got to raise the funds to get my brother and sister and law a gift!